Nicholas Financial, Inc. (NICK) Reports Q1 EPS of $0.40
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Nicholas Financial Reports 1st Quarter Results
August 6, 2014 10:27 AM EDTCLEARWATER, Fla., Aug. 6, 2014 (GLOBE NEWSWIRE) -- Nicholas Financial, Inc. (Nasdaq: NICK) announced that for the three months ended June 30, 2014 net earnings decreased 14% to $4,909,000 as compared to $5,700,000 for the three months ended June 30, 2013. Per share diluted net earnings decreased 13% to $0.40 as compared to $0.46 for the three months ended June 30, 2013. Revenue increased 4% to $21,333,000 for the three months ended June 30, 2014 as compared to $20,476,000 for the three months ended June 30, 2013.
"Our results for the three months ended June 30, 2014 were negatively affected by a reduction in the gross portfolio yield, an increase in the provision for credit... More
